Items Tagged with 'rental affordability'

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As national rent prices begin to slow in appreciation, rental affordability is growing amongst the nation's renters. This could lead to increased competition amongst property managers as more renters take to the market. So, what’s the best way to attract renters? Zumper says it’s simple – amenities.

A new report by Zillow reveals the country’s most affordable rental markets, measuring affordability by the amount of income that renters need to set aside for monthly payments. According to the company's research, these are the five most affordable rental markets.

Despite rents continuing to rise throughout much of 2018, renters are choosing to remain in the same apartment more than they ever have before, even if their rent goes up. In fact, a new report from RealPage shows that apartment resident retention (renters electing to renew their lease after its initial term expires) hit an all-time high last year.

Real estate giant Zillow is predicting that mortgage interest rates will move well above 5% in 2019. And that's good news for landlords, who will see increased demand for rentals as some people are priced out of home buying by higher interest rates.

With more and more renters feeling the affordability crunch, there seemed to be some light on the horizon recently with the steady rise in rents appearing to finally slow down over the last few months. Nevermind. As it turns out, rents are still going up and just hit an all-time high, again.

Increasing rent prices leave many American families struggling to afford housing, but Senate Democrats have introduced new legislation to help alleviate that stress. The Rent Relief Act will award a refundable tax credit to renters that pay more than 30% of their gross income on rent, including utilities.

A new bill introduced Monday by Rep. Joseph Crowley, D-New York, could bring relief to renters who find themselves struggling to afford their rent. Crowley’s bill, entitled “The Rent Relief Act,” would offer refundable tax credits to people who live in rental housing. Here are more details about the bill.

The Terner Center for Housing Innovation released a proposal that would give tax credits to low-income renters. The proposal lays out three different structures for the new credit, and details the cost for implementation.

Commentary

Every day, people in your community are looking for a new place to call home. But in the age of the digital shift, they are now getting most of that information from their mobile devices rather than more traditional sources.